Oh my, these fuckers are making Wall Street look like a Benny Hill comedy.
Read comedy here.
UPDATE: Jamie Dimon explains how he brokered the [[BSC]] deal.
[youtube:http://www.youtube.com/watch?v=SuKWpcomic8 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
“Attention Kmart shoppers. We have Robster on sale at the financial services department. Please ask for Jamie.”
[Blue light mesmerizing GS Shoppers with their new FED Mastercards.]
Sounds like the reverse of some fucktarded Walmart return policy.
I’ll see you in court. This will be the start of the next leg down for financials.
Fly:
What’s your re-entry price target for SKF? low-mid 90s?
Does JPM tank on this news?
Fed Home Loan Banks authorized to buy more than $100B in new mortgage securities
The banks are authorized to buy more mortgage investments with existing capital for two years. This is being reported by Reuters, citing a regulator.
Edwin,
They’re trading up on the news pre-market, but some dude was just on CNBC saying that BSC is “worth nothing,” so perhaps once that settles in, JPM will trade down.
-DT
Bidding against himself for a worthless stock?
That man be ridin dirty.
CNBC had a segment with Cramer, Erin and Art Cashin.
Cramer was doing his whole frothing at the mouth thing, and it was great to see Cashin slowly edging away from him, looking for the exit.
-DT
The bulls stole the ball & now its their to fumble away thru quarter end. The game is rigged in their favor. All referees are in their pocket.
Bear market being declared OVER on CNBC!
Its back to doing shots, buying stocks.
Consumer discretionary stocks are on fire. Everything from boats and bowling balls (BC), motorcycles (HOG), homebuilders. They’re buying them all.
I told you fuckers the credit crisis was over and to be long.
BSC, holy shit.
Oh, and thanks to Esiggy for providing me with faulty data this morning. Took me an hour to realize that all of my graphs were missing data from Thursday and Friday of last week.
-DT
Hi Q4,
Am looking to short financials too, but barring any unforseens, it does look like the short term bullish momentum looks strong enough to take SKF down past 90. Hope I’m wrong tho.
3xIYG-4xLEH pair working good … financials up and LEH down.
Alias: BPOE
It looks like the US markets are turning into Lucky Lotto!! You can’t trust any Fundamentals or charts. It is the Wild Wild West. Only Support and Resistance. Overbought and Oversold will work. May Be? Fun Fun Fucking Fun!!!
Good call Dick ….
Bot BC on thurs and tried to buy HOG this am but they gapped …. same thing with IDCC
http://www.minyanville.com/articles/Fed-banks-debt-liquidity-deflation-hsbc/index/a/16365
Thanks Brucie, and if you don’t mind, the final conclusion bears repeating here, for those too lazy to click:
“All roads lead to deflation, particularly acute in the current regime due to the degree of credit/debt expansion. Every measure being enacted by world central banks is to forestall/reverse any further credit-related broad-based asset contraction. This is very difficult, and very unlikely to succeed, for any reasonable length of time.
That is, as a shift in psychology has already occurred with respect to undertaking debt/credit expansion — i.e. readily accessible liquidity is being used to shore-up balance sheets, to the degree possible; thus, any such measures to encourage risk-taking, are likely to have difficulty in overcoming this hurdle.
The significant shift that has occurred recently is the Fed, and by inference, other central banks, willingness to increasingly risk the viability of their respective balance sheets in order to influence a shift in risk preferences. A new broad-based asset bubble is unlikely as any ‘pullback’ in asset trajectories that such a central bank move attempts to create will almost certainly be met by asset liquidation, i.e. it’s akin to being long a position well below the entry price — it’s a natural reaction to let ride any rallies as long as possible, but to reduce risk, when it appears any such rallies have run their course. This is the result of the shift in psychology.
So, overall, any initially positive equity-related reactions are likely to resolve in further downside, until such time a broad-based capitulation has occurred.â€
That capitulation is a long way away in time and price. The U.S. is in for a long process of debt liquidation, and that means a shrinking GDP.
You can sell Skiffles April 95 puts for close to $6.00.
So, if you would buy Skiffles at $89, there ya go.
That’s egregious.
According to my pal Ken Fischer, it turns out the credit crisis was actually a myth.
http://www.forbes.com/columnists/forbes/2008/0324/168.html
Ken Fischer is a myth egregious, in his own mind.